MML Investors Services LLC Has $301,000 Position in Textron Inc. (TXT)
MML Investors Services LLC decreased its position in Textron Inc. (NYSE:TXT) by 31.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,389 shares of the aerospace company’s stock after selling 2,876 shares during the quarter. MML Investors Services LLC’s holdings in Textron were worth $301,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. ETRADE Capital Management LLC lifted its stake in Textron by 17.3% in the second quarter. ETRADE Capital Management LLC now owns 7,878 shares of the aerospace company’s stock worth $371,000 after acquiring an additional 1,163 shares during the last quarter. Vanguard Group Inc. grew its holdings in Textron by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 24,931,208 shares of the aerospace company’s stock worth $1,174,260,000 after acquiring an additional 393,214 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Textron by 652.5% during the 2nd quarter. D.A. Davidson & CO. now owns 9,715 shares of the aerospace company’s stock worth $457,000 after acquiring an additional 8,424 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Textron by 62.3% during the 2nd quarter. GSA Capital Partners LLP now owns 9,854 shares of the aerospace company’s stock worth $464,000 after acquiring an additional 3,784 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Textron by 6.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 535,296 shares of the aerospace company’s stock worth $25,212,000 after acquiring an additional 34,036 shares in the last quarter. 81.49% of the stock is currently owned by hedge funds and other institutional investors.
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Textron Inc. (TXT) opened at 53.88 on Monday. The stock has a 50 day moving average of $49.37 and a 200-day moving average of $47.92. The firm has a market capitalization of $14.26 billion, a PE ratio of 16.47 and a beta of 1.59. Textron Inc. has a one year low of $37.19 and a one year high of $54.07.
Textron (NYSE:TXT) last issued its earnings results on Wednesday, July 19th. The aerospace company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Textron had a return on equity of 11.97% and a net margin of 6.45%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm earned $0.66 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that Textron Inc. will post $2.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.15%. The ex-dividend date was Thursday, September 14th. Textron’s dividend payout ratio (DPR) is presently 2.45%.
A number of equities research analysts have recently weighed in on TXT shares. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective on shares of Textron in a report on Tuesday, September 26th. BidaskClub downgraded shares of Textron from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Morgan Stanley boosted their target price on shares of Textron from $45.00 to $47.00 and gave the stock an “underweight” rating in a research note on Thursday, August 17th. Wells Fargo & Company reissued an “outperform” rating and issued a $54.00 target price (up previously from $52.00) on shares of Textron in a report on Saturday, July 22nd. Finally, Zacks Investment Research raised Textron from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Textron presently has an average rating of “Hold” and a consensus target price of $53.75.
Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.
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